Property Overview: 32 Timberwood Trail, Riverbend, Winnipeg
Key Characteristics & Appeal
This 1,068 sqft bungalow, built in 1987, presents a solid, no-surprises offering in the established Riverbend neighborhood. Its primary appeal lies in its balanced and stable profile. The home sits on a notably generous 5,358 sqft lot for its street, offering above-average outdoor space relative to immediate neighbors. While the living area is modest compared to newer parts of Riverbend, it is competitive on its own street and city-wide.
The property’s assessed value of $377k aligns closely with averages at every comparison level, suggesting it is priced appropriately within the market without premium or discount outliers. A thoughtful perspective is that this home represents a "known quantity"—its age and consistent metrics indicate predictable costs and neighborhood character, avoiding the potential premium for newer construction or the uncertainty of a much older home. It last sold in 2016, indicating a stable ownership period.
This home would best suit first-time buyers or downsizers seeking a manageable footprint in a mature area, or value-focused buyers who prioritize lot size over interior square footage. It’s for those who find appeal in a home that is statistically average in cost and size, but offers a relative advantage in land.
Frequently Asked Questions
1. How does this home's size compare to others nearby?
At 1,068 sqft, the living area is slightly below the Riverbend neighborhood average but is very typical for homes directly on Timberwood Trail. It ranks in the top third for size on its own street.
2. Is the assessed value a good indicator of the likely selling price?
The assessed value of $377k is consistently "around average" when compared to the street, neighborhood, and city. This suggests it is a reliable benchmark, though final sale price will depend on market conditions and the home's specific condition.
3. What does the lot size mean for potential buyers?
The 5,358 sqft lot is a key feature, ranking in the top 20% on its street. This offers more private outdoor space than many comparable properties, which could be valuable for gardening, recreation, or future expansion.
4. The home was built in 1987. What should I consider?
Built in 1987, this home is among the newest on its street. Buyers should budget for updates common to homes of this era, such as roofing, windows, or interior finishes, but may benefit from more modern construction standards than much older Winnipeg homes.
5. How can I find out the exact price it last sold for?
The public data shows a sale between $300k-$350k in September 2016. For fully verified and exact historical sale figures, you must request a manual lookup via email from the site, as they do not display MLS sold records.